Dalian Futures Market: PP, LLDPE and MEG Rise While PVC Slips on May 12

China’s Dalian Commodity Exchange recorded mixed movement across major petrochemical futures on May 12, with PP, LLDPE, and MEG contracts ending higher while PVC futures edged slightly lower.

September LLDPE futures gained CNY57/ton during Tuesday’s session, settling at CNY8197/ton, equivalent to nearly $1067/ton excluding VAT. Trading activity remained active, with total volumes reaching more than 404,000 tons.

PP futures for September delivery also moved upward, increasing by CNY79/ton to close at CNY8735/ton, or around $1137/ton without VAT. Trade volume for PP crossed 507,000 tons during the session.

Meanwhile, September PVC futures recorded a marginal decline of CNY20/ton, settling at CNY5116/ton, equivalent to approximately $666/ton excluding VAT. PVC continued to witness strong market participation, with trading volumes exceeding 872,000 tons.

MEG futures posted a modest increase, rising by CNY19/ton to settle at CNY4818/ton, or nearly $627/ton without VAT. Total traded volume stood above 257,000 tons.

The market reflected cautious but stable sentiment across China’s petrochemical futures sector, with traders closely monitoring demand trends and broader commodity market movement.

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